There's a lot of conflicting information on this board. I just want to make sure that I'm dealing with the correct information. My understanding was that, as of the 12/6 statement at LD Micro, there was 200k of debt remaining to be converted, and it "should be complete by the end of the year."
Is that not what the statement was?
The next round of questions surrounds whether the statements were accurate. If a company with a 1.5m market cap converts 200k of debt at a 40% premium, then off the top of my head I'd expect a dilution of around 20 - 30%. What has happened between 12/6 and today is insane.
What facts am I missing (facts, not rants or mud)?
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